Europe risks falling behind on EVs
The Swedish research institute Rise warns that Europe risks losing its automotive industry unless it acts swiftly to strengthen battery innovation and infrastructure.
According to Rise, China currently controls more than half of global lithium-ion battery exports, while Europe trails by 7–10 years in technology and capacity, according to Rise, referring to Dunne Insights. Rise warns that low-cost Chinese exports, driven by overcapacity and pricing strategies, pose additional pressure on European manufacturers.
Dina Dedic (pictured), programme manager for Rise's battery programme, pointed to Northvolt’s acquisition by Lyten as a positive step, but stressed ongoing challenges, such as skills shortages, access to materials and advanced production technologies. (js)